Axalta Coating Systems (NYSE:AXTA) Given New $36.00 Price Target at UBS Group

Axalta Coating Systems (NYSE:AXTA) had its price objective dropped by investment analysts at UBS Group from $39.00 to $36.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective points to a potential upside of 9.99% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of Axalta Coating Systems in a research note on Monday. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Robert W. Baird lifted their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lifted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.58.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA traded up $0.53 during midday trading on Monday, hitting $32.73. The stock had a trading volume of 3,719,771 shares, compared to its average volume of 2,507,476. The company’s 50-day moving average price is $35.11 and its 200-day moving average price is $32.03. Axalta Coating Systems has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $7.01 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.64 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities research analysts predict that Axalta Coating Systems will post 2.63 EPS for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of Axalta Coating Systems by 20.5% during the third quarter. Versant Capital Management Inc now owns 7,356 shares of the specialty chemicals company’s stock worth $237,000 after buying an additional 1,249 shares in the last quarter. MAC Alpha Capital Management LP boosted its holdings in shares of Axalta Coating Systems by 45.9% during the 2nd quarter. MAC Alpha Capital Management LP now owns 645,643 shares of the specialty chemicals company’s stock valued at $22,096,000 after acquiring an additional 203,243 shares in the last quarter. Maven Securities LTD acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $1,199,000. Formuepleje A S grew its position in Axalta Coating Systems by 25.9% during the 2nd quarter. Formuepleje A S now owns 60,584 shares of the specialty chemicals company’s stock worth $2,073,000 after acquiring an additional 12,461 shares during the last quarter. Finally, Amundi increased its holdings in Axalta Coating Systems by 32.0% in the 2nd quarter. Amundi now owns 841,326 shares of the specialty chemicals company’s stock worth $28,790,000 after purchasing an additional 203,829 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.